Compass Minerals International Inc. (CMP) Trading 2.1% Higher
Compass Minerals International Inc. (NYSE:CMP) shares traded up 2.1% on Tuesday . The stock traded as high as $73.34 and last traded at $73.22, with a volume of 365,891 shares. The stock had previously closed at $71.68.
Several research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Compass Minerals International in a research report on Tuesday, July 12th. They set a “buy” rating and a $90.00 price target on the stock. KeyCorp lowered Compass Minerals International from an “overweight” rating to a “sector weight” rating in a report on Wednesday, June 15th. TheStreet lowered Compass Minerals International from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $98.00 target price on shares of Compass Minerals International in a report on Sunday, June 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $76.25.
The stock’s 50 day moving average is $71.98 and its 200-day moving average is $73.42. The stock has a market capitalization of $2.47 billion and a price-to-earnings ratio of 17.57.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. During the same quarter in the previous year, the company posted $0.39 EPS. The firm earned $169.50 million during the quarter, compared to the consensus estimate of $177.56 million. The firm’s revenue was down 7.7% on a year-over-year basis. Analysts predict that Compass Minerals International Inc. will post $2.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.81%.
Other hedge funds and institutional investors recently bought and sold shares of the company. Bernzott Capital Advisors raised its position in Compass Minerals International by 19.7% in the fourth quarter. Bernzott Capital Advisors now owns 173,132 shares of the company’s stock worth $13,032,000 after buying an additional 28,442 shares in the last quarter. RS Investment Management Co. LLC bought a new position in Compass Minerals International during the fourth quarter worth $3,244,000. Dimensional Fund Advisors LP raised its position in Compass Minerals International by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 743,628 shares of the company’s stock worth $55,973,000 after buying an additional 24,489 shares in the last quarter. Dean Investment Associates LLC raised its position in Compass Minerals International by 1.5% in the fourth quarter. Dean Investment Associates LLC now owns 106,563 shares of the company’s stock worth $8,021,000 after buying an additional 1,608 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Compass Minerals International by 325.5% in the fourth quarter. Bank of Montreal Can now owns 39,091 shares of the company’s stock worth $2,943,000 after buying an additional 29,903 shares in the last quarter.
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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